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Generalized news reports about the conflicts between stock analysts and investment bankers was not enough to put investors on notice for purposes of filing a claim under securities laws, a federal judge in New York has ruled. Investors in RSL Communications Inc. claimed the investment banks maintained bullish forecasts for RSL even though analysts at the banks were well aware that the prospects for the company were poor.
May 26, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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